Stock dividend when the market value of each share

Assignment Help Financial Accounting
Reference no: EM131290369

A corporation had 50,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 10% stock dividend when the market value of each share was $27. The entry to record this dividend is:

Reference no: EM131290369

Questions Cloud

Find the net present value of the bond-refunding decision : If the firm uses its after-tax cost of debt of 4.5 percent to evaluate low-risk decisions, find the net present value (NPV) of the bond-refunding decision. Would you recommend the proposed refunding? Explain your answer.
Low culture in much of the western world : 1. Why do you think high culture has lost out to low culture in much of the Western World? 2. When was the last time you consumed something that would be considered "high culture"? What was you reaction to this experience?
What purpose do covenants serve in a debt agreement : Comment on the following proposition: Using floating-rate debt eliminates interest rate risk (the risk that interest payment amounts will change in the future) for both the borrower and the lender.
Write a thesis on a hollywood movie : Write a thesis on a hollywood movie .Pick a Hollywood or any other movie which in your opinion has Buddhist elements in it. Evaluate it based on the Buddhist teachings you have come across in the text.
Stock dividend when the market value of each share : A corporation had 50,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 10% stock dividend when the market value of each share was $27. The entry to record this dividend is:
Development of attribution biases and stereotyping : Do feedback deficiencies encourage the development of attribution biases and stereotyping? Why or why not? Use an external source(e.g., YouTube video or article)to answer the question.
What is a syndicated loan : What is a syndicated loan? Why have these loans proven so popular with corporate borrowers?
Sole proprietorship-partnership and corporation : Identify what you consider to be the two main advantages and the two main disadvantages for each of these legal forms of organization for the small business: sole proprietorship, partnership, and corporation; (b) If you were going to start your ow..
What is a project finance loan : What is a debenture? Why do you think that this is the most common form of corporate bond in the United States but is much less commonly used elsewhere?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a classified balance sheet for simon company at

prepare a classified balance sheet for simon company at december 31 2006.from the following data prepare a classified

  Report income from continuing operations

Jacobsen Corporation prepares its financial statements applying U.S. GAAP. During its 2016 fiscal year, the company reported before-tax income of $622,000. Unusual gain $202,000 Loss on discontinued operations (302,000) The company's income tax rate ..

  What amount should be reported as noncontrolling interest

During the remainder of the year, Ramirez generates revenues of $600,000 and expenses of $360,000 and paid no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?

  Question premier trust and bank is considering giving alou

question premier trust and bank is considering giving alou company a loan. before doing so management decides that

  Manufacturing overhead to production based on direct labor

The Sexton Company allocates manufacturing overhead to production based on direct labor hours. The following information is available: Estimated manufacturing overhead $227,520 Actual manufacturing overhead $225,760 Estimated direct labor hours 18,00..

  Determine predetermined shop overhead rate per direct labour

The average shop direct labor rate is $30 per hour. - Determine the predetermined shop overhead rate per direct labor hour.

  Show balance sheet presentation of investment securities

Journalize the transactions and post to the accounts Debt Investments and Stock Investments and prepare the adjusting entry at December 31, 2012, to report the investments at fair value

  Credit for the elderly or the disabled

Tai and Song are ages 69 and 59, respectively, and file a joint return. They have AGI of $20,000 and received $2,000 in nontaxable social security benefits. How much can Tai and Song take as a credit for the elderly or the disabled?

  Prepare scattergraph and plot tons mined and utilities cost

Determine a cost formula for utilities cost using the least squares regression method. - Prepare a scattergraph and plot the tons mined and utilities cost.

  What was the total capital balance for the partnership

Cleary, Wasser, and Nolan formed a partnership on January 1, 2012, with investments of $100,000, $150,000, and $200,000, respectively. For division of income, they agreed to interest of 10% of the beginning capital balance each year, What was the tot..

  Total product costs for the company under variable costing

Brief Exercise 19-16 The Rock Company produces basketballs. It incurred the following costs during the year. What are the total product costs for the company under variable costing?

  Determine about consumer demand for your product

The cross-price elasticity of demand between your good and a related goof is -3.5 What can you determine about consumer demand for your product from this information?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd